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← FRIENDS OF GIRLS PREPARATORY CHARTER SCHOOL OF NEW YORK INC

Form 990 for tax year 2022

Filed by FRIENDS OF GIRLS PREPARATORY CHARTER SCHOOL OF NEW YORK INC.

Totals

Total revenue
$1,319,419
Total expenses
$158,036
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$1,319,419
Total assets, end of year
$73,830,918
Total liabilities, end of year
$73,986,003
Net assets or fund balances, end of year
-$155,085
Program services expenses (Part IX)
$51,948
Management and general expenses
$106,088
Fundraising expenses
$0
Program service expenses (Part III)
$51,948

Program services were 32.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 6a · Gross rents

    real property $6,628,888

  • 6b · Less rental expenses

    real property $5,309,469

  • 6c · Rental income or loss

    real property $1,319,419

  • 6d · Net rental income or loss

    total $1,319,419 · related or exempt $1,319,419

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $16,745 · management and general $16,745

  • 11c · Fees: accounting

    total $5,700 · program services $5,700

  • 11g · Fees: other

    total $86,839 · management and general $86,839

  • 13 · Office expenses

    total $2,644 · program services $140 · management and general $2,504

  • 24a · Other expenses: EQUIPMENT / FURNISHINGS

    total $45,918 · program services $45,918

  • 24b · Other expenses: STUDENT SERVICES

    total $190 · program services $190

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,086,292 · end of year $4,476,941

  • 3 · Pledges and grants receivable

    beginning of year $18,538 · end of year $67,370

  • 4 · Accounts receivable

    beginning of year $950,280 · end of year $950,280

  • 9 · Prepaid expenses and deferred charges

    beginning of year $225,780 · end of year $293,823

  • 10a · Land, buildings and equipment: cost or other basis

    $12,663,021

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,995,175

  • 10c · Land, buildings and equipment, net

    beginning of year $9,239,120 · end of year $10,667,846

  • 15 · Other assets

    beginning of year $975,919 · end of year $57,374,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,761 · end of year $259,265

  • 24 · Unsecured notes and loans payable

    beginning of year $6,386,484 · end of year $6,260,760

  • 25 · Other liabilities

    beginning of year $10,290,152 · end of year $67,465,978

  • 27 · Net assets without donor restrictions

    beginning of year -$1,316,468 · end of year -$155,085

Mission and programs · 2022

Mission

FRIENDS OF PUBLIC PREP ACADEMIES INC (FORMERLY KNOWN AS FRIENDS OF GIRLS PREP) WAS ORGANIZED TO CREATE GIRLS PREP CHARTER SCHOOL OF NY (NOW KNOWN AS PUBLIC PREP CHARTER SCHOOL ACADEMIES), SUPPORT THE SCHOOL AND ITS STUDENTS, AND MAKE CONTRIBUTIONS TO THE SCHOOL, WITH THE GOAL OF PROMOTING EDUCATIONAL ACHIEVEMENT.

  • FRIENDS OF PUBLIC PREP ACADEMIES INC'S PURPOSE IS TO SUPPORT PUBLIC PREP CHARTER SCHOOL ACADEMIES, ITS AFFILIATE. PUBLIC PREP CHARTER SCHOOL ACADEMIES (PPA) IS A PUBLIC CHARTER SCHOOL EDUCATION CORP. FRIENDS OF PUBLIC PREP ACADEMIES ASSISTS PPA IN OBTAINING ADEQUATE FACILITIES IN WHICH TO OPERATE ITS SCHOOLS.

    Expenses $51,948 · Revenue $1,319,419

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Weil

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Eric Grannis

    DIRECTOR THRU DEC 2022

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bryan Lawrence

    DIRECTOR THRU JULY 2022

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Phil Brandes

    DIRECTOR THRU SEPT 2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Diker

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Margery Mayer

    DIRECTOR - JOINED DURING YEAR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Janelle Bradshaw

    CEO, PPN

    Total calculated
    $440,035
    From this org
    $0
    From related orgs
    $411,746
    Other
    $28,289
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,746 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $10,500 related
    Nontaxable benefits
    $0 + $17,789 related
    Filer's total
    $0 + $440,035 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GIRLS PREP BRONX II LLC

    REAL ESTATE HOLDING COMPANY · NY · income $0 · assets $0

    Directly controlled by FRIENDS OF PUBLIC PREP ACADEMIES INC

Provenance

Return type
form_990
Tax year
2022
Filed
3 May 2024
IRS schema version
2022v5.0
Source object
202411309349301746

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